OF THE YEAR, 2014

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June 30, 2014 • Advertising Supplement
The San Fernando Valley Business Journal presents
CFOs
OF THE YEAR, 2014
This year’s CFO of the Year award recipients (top row) joined by our Presenting Sponsors (bottom row) on stage following the event.
Presenting Sponsors:
Gold Sponsors:
Bank of America
Bessolo Haworth & Vogel LLP
Mission Valley Bank
Montrose Travel
Wells Fargo Bank
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20 AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL
JUNE 30, 2014
CFOs OF THE YEAR 2014
Letter from the Publisher
W
elcome to the San Fernando Valley Business Journal’s CFO Awards
special supplement, in which we celebrate the efforts and achievements of those too often unsung heroes of the corporate space.
Every successful company in the Valley owes a tremendous debt of gratitude to
the Chief Financial Officers of their respective businesses, each of whom plays a
key role, not only in the success of their companies, but in the success of the
Valley financial community as a whole. So to all the great CFOs profiled in this
volume we say thank you!
This issue sheds some additional light on the honorees we celebrated at our
CFO Awards luncheon on Tuesday, June 17th at the Warner Center Marriott in
Woodland Hills.
Ten honorees are announced in this section from a diverse selection of industries. Congratulations to each of you – together with your CEOs, your decisions
affect all aspects of your respective businesses. You truly are among the finest
that the San Fernando Valley has to offer.
We hope you enjoy this special section, which contains some insights on what
exactly it means to be a CFO in today’s business climate, as well as profiles of
each of our esteemed CFO honorees.
And again, congratulations to all the great CFOs in the San Fernando Valley
who tirelessly contribute to the bottom line of your businesses, and ultimately,
our business community as a whole.
Best regards,
Josh Schimmels
Thank You to the 2014 CFO Awards Advisory Committee
SHARON
DABABNEH
Senior Vice
President, Business
Banking Group
Citi Commercial
Bank
GEOFF
MATTHEWS
Senior Vice
President & Group
Manager
Comerica Bank
MARIA
NAZARIO, CAE
Strategic
Relations Director
California Society
of CPAs
STEPHEN
REDMOND
Senior Manager
Moss Adams LLP
DANONE
SIMPSON
President & Chief
Executive Officer
Montage Insurance
Solutions
DOUGLAS SPIRO
Senior Vice
President
Union Bank
MARCELLA TYLER
Executive Director,
Program
Advancement
California State
University,
Northridge
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CORPORATE
TRUST
HAS A BRAIN
TRUST.
Being a corporate trustee is serious business and requires
serious commitment. Over time, many banks have stopped
offering this complex service. Our bank has not.
Union Bank,® a member of MUFG, a global financial group, has
again been named “Best Corporate Trust Bank” in the U.S.* It’s an
honor that follows 90 years of dedication to bond administration.
And it’s not just our bank that’s committed over the long
haul—our relationship managers have, on average, 20 years of
experience in corporate trust, escrow, and project finance. So
whether it’s making timely interest payments to bondholders or
providing comprehensive recordkeeping, you’ll be in good hands.
Being named the best is nice, but it’s not what motivates us.
Doing what’s right for our clients, that’s the motivation. It builds
long-term relationships—and that’s just good business.
Learn more at unionbank.com
Carl Boyd
Vice President
Southern CA
213-236-7150
Dean Levitt
Vice President
Northern CA and
Pacific Northwest
415-705-5020
Nils Dahl
Vice President
Eastern U.S., Europe,
and Middle East
646-452-2115
Jenepher Lattibeaudiere
Vice President
Latin America
and South America
646-452-2014
Julie B. Good
Vice President
Midwest and
Western U.S.
714-336-4230
*Global Banking & Finance Review, 2012, 2013, and 2014.
©2014 Union Bank, N.A. All rights reserved.
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22 AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL
CFO of the Year
JUNE 30, 2014
Honorees
MITCHELL BUTIER
Senior Vice President and
Chief Financial Officer
Avery Dennison Corp.
Glendale
A
t Glendale based Avery Dennison Corporation,
Mitchell Butier has served as Senior Vice President
and Chief Financial Officer for the 26,000 employee
labeling and packaging materials and solutions leader
for the past four years. He was elected to his current position in
May of 2010. As senior vice president and chief financial officer,
Butier leads the company’s financial strategy and operations,
including the audit, financial reporting, investor relations, planning and analysis, tax and treasury functions, as well as oversight
of the finance functions of the company’s businesses. Prior to his
current position, Butier was corporate vice president, global
finance and chief accounting officer, a position he held starting
in March 2008. Butier joined Avery Dennison in 2000 as director,
finance of Office and Consumer Products’ North America division, and served as group director, finance in Label and
Packaging Materials Europe from 2002 to 2004. Subsequently, he
was appointed to vice president, finance in Retail and Branding
Information Solutions as well as general manager, Americas, of
the Information Brand Management division. He also served as
acting group vice president of RBIS as well as vice president, controller in 2007. Prior to joining Avery Dennison, Butier served as
senior manager at PricewaterhouseCoopers. Butier graduated
from Loyola Marymount University with a Bachelor of Science
degree in accounting.
➼
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AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL 23
I expec¶ my bank §o:
Grow my business,
not their commission.
Some businesses reach a certain point when they expect more than
just a loan. They expect their bank to be part of their growth strategy.
When it’s time, come to Comerica. And discover why we’re
the leading bank for business,* with more awards
for excellence** than any other bank.
RAISE YOUR EXPECTATIONS.
®
Business
Wealth Management
Personal
comerica.com
MEMBER FDIC. EQUAL OPPORTUNITY LENDER.
*Based on commercial and industrial loans as a percentage of total assets. Data provided by Thomson Reuters Bank Insight, June 2013. **Greenwich Associates is a leading worldwide strategic consulting and research ﬁrm specializing in ﬁnancial services. For Middle Market, the Greenwich Awards
are based on nearly 14,000 market research interviews with U.S. companies with sales revenues of $10 million-$500 million, and honorees were recognized by their customers as providing superior quality of products, service and coverage. Of more than 750 U.S. banks evaluated, Comerica ranked
within the top 5 percent of banks with “distinctive quality” and “performing at a differentiated level relative to peers.” For Small Business, the Greenwich Awards are based on more than 17,000 market research interviews with U.S. companies with annual revenues of $1 million-$10 million, and honorees
were recognized by their customers as providing superior quality of products, service and coverage. Of more than 750 U.S. banks evaluated, Comerica ranked within the top 6 percent of small business banks with “distinctive quality” and “performing at a differentiated level relative to peers.”
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24 AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL
JUNE 30, 2014
CalCPA is proud to sponsor the
San Fernando Valley Business Journal
Accountax Financial Services • Acena Consulting LLC • Allegretti
& Co. • Allied Beverages Inc • Amgen Inc • Arxis Technology Inc
• Ash Amarshi • Bank of America
• Becker Professional Education
• Berkeley Research Group LLC • Bibby Financial Services •
Blackline Systems Inc • Brummett Consulting Group • Bullseye
Capital • Caditz & Grant Attorneys • Camarillo Escrow Co •
Cannon Constructors • Canoga Camera Corp • Capstone Turbine
• CBS Studio Center • Chaminade College Preparatory • Child
Care Resource Center • City of Simi
David Cieslak, CPA
Principal, Arxis Technology Inc.
Valley • Compulink • CountryWide
Home Loans • Crespi Carmelite High
School • Crown Media Holdings, Inc. • David Fractor Consulting
• Defense Contract Audit Agency • Dennis Korn, Inc. • Disney
Consumer Products • Disney Interactive Studios • Down to Earth
• DreamWorks Animation SKG • Dynamo Aviation • Edwards &
Liptz • Elabor Inc • Eng Flanders
Group Inc • Fastframe USA Inc
• First California Bank • First
California Bank • Fore Property Company • Fredrick Towers Inc Charles C. Best, Jr., CPA (inactive)
CFO, Blackline Systems Inc
• Fruit Growers Supply Co. • Galpin-Ford, Lincoln, Jaguar Volvo
& Mazda • Global Eagle Entertainment • Haynes North America •
HealthNet Inc • Image Entertainment • Internal Revenue Service • Irwin D Goldring Attorney
at Law • Israel A Levy • Jackson DeMarco Tidus & Peckenpaugh • Janice N. Cutler CPA •
JPMorgan Chase Bank, N.A. • K12, Inc. • Klein & Associates • Kythera Biopharmaceuticals
Inc • Laguna & Associates • LCF Dreyfuss Group • Lewis & Co • Los Angeles Valley College
• Macadamia Natural
Oil LLC • Management
& Consult. Concepts •
Mannco LLC • Margaret
Hendler Investments • Marketing Innovations Intl Inc • Mattco Investments • Media Financial
Structures LLC • Mission City COmmunity Network, Inc. • Motion Picture & Television • Motion
Picture Industry • MTSR Consulting • National Construction Rentals • Nexsan Technologies
V
S
S
T
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AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL 25
2014 CFO of the Year Event
• Number Crunchers • Olive Vista Middle School • On Assignment
Inc • Payne Financial Forensics • PBS Tax & Bookkeeping Service
• PennyMac • Polestar
Consultancy Inc • Premier
America Credit Union •
Providence Holy Cross
Medical Center • Public Storage • Realty and More • Rediger
Investment Corp. • Ryland Group • Salem Communications
Corp • Salvador A. Figueroa, CPA • Saul Sobol CPA • Schonfeld,
Brickman & Associates Inc • Second Sight ® Medical Products, Jennifer E. Ziegler, CPA
Inc • Securitas Security Services • Sfvar New Horizons • Simi Director, Berkeley Research
Group LLC
Valley
Hosp
& Health Care • Smith
Geiger LLC •
St Jude Medical Cardiac
Rhythm Mngtt • Superior Auto Extras • Takata & Marzalek • Tamrac Inc • Tax Resolution
Services, Co. • Taylor & Ambe-Crain Partnership • The Master’s College • Timely A Division
SDS Inds. • Tix Corporation • Tutor Perini - Saliba Corp. •
TV Film Biz Int’l • Unico American Corporation • US Energy
Program • Ventura County Community Foundation • Walt Disney Company • Walt Disney
Company • Warren Gilmore CPA • WellPoint Health Networks Inc • World Financial Group
Behind all the numbers,
people are the bottom line.
CalCPA Members. Trusted. Objective.
At the heart of sound ﬁnancial decisions.
www.calcpa.org
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26 AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL
CFO of the Year
JUNE 30, 2014
Honorees
JOSEPH CAPEZZA
Executive Vice President and Chief Financial Officer
Health Net Inc.
Woodland Hills
J
oseph C. Capezza, CPA serves as executive vice president, chief financial officer
and treasurer for Health Net, Inc. For the 7,565 employee health services leader
based in Woodland Hills, Capezza is responsible for all financial activities of the
company, including financial reporting, accounting, finance, risk management,
treasury, investments, business and financial planning, and investor relations. Health Net,
Inc. is a publicly traded managed care organization that delivers managed health care services through health plans and government-sponsored managed care plans. In short,
Capezza oversees the financial elements of a company that provides and administers
health benefits to approximately 5.5 million individuals across the country through group,
individual, Medicare (including the Medicare prescription drug benefit commonly referred
to as “Part D”), Medicaid, U.S. Department of Defense, including TRICARE, and Veterans
Affairs programs. Health Net also offers behavioral health, substance abuse and employee
assistance programs, managed health care products related to prescription drugs, managed
health care product coordination for multi-region employers, and administrative services
for medical groups and self-funded benefits programs. Prior to joining Health Net in
November 2007, Capezza was the chief financial officer of Harvard Pilgrim Health Care in
Wellesley, Mass. His earlier professional experience includes CFO responsibilities at Group
Health Incorporated in New York and Reliance Reinsurance Corp. in Philadelphia. Previous
positions also include executive responsibilities at Willcox Incorporated Reinsurance
Intermediaries and Skandia America Reinsurance Corporation. Capezza also worked for
Coopers & Lybrand. Capezza is a member of the American Institute of Certified Public
Accountants and serves on the board of directors of the Society of Insurance Financial
Management (SIFM). He served as president of SIFM from 1999 to 2001 and is the former
chairman of SIFM’s Reinsurance Committee (1992 to 1993) and Accounting Committee
(1987 to 1988). Capezza received a Bachelor of Science in Accounting from Fordham
University in Bronx, New York.
➼
Congratulations!
Rachel Howitt
CFO of the Year
San Fernando Valley Business Journal
Southern California’s
Premier Community Bank
Since 1945.
When we founded our own community bank in 1945, it was
out of need. Banks weren’t lending to businesses, so we built
our own. We now stand with more than $3.4 billion in assets
and 17 business centers—and counting. We’re no longer just a
community bank.
Rachel Howitt is President and
CFO of NAI Capital, Inc., a leading
commercial real estate brokerage
with 14 ofﬁces throughout the 5
county region of Los Angeles. She
has had a notable career in real
estate tied together by 35 years of
wide-range experience in ﬁnance
and business development. With
over 26 years of experience leading
the company, Ms. Howitt oversees
all ﬁnancial and administrative
matters. Ms. Howitt is a Sustaining
Board Member of the UCLA Ziman
Center for Real Estate, Anderson
School of Management.
We are Community Bank.
NAI Capital Encino
16001 Ventura Boulevard, Suite 200
(818) 905-2400
Encino, CA 91436
naicapital.com
cbank.com
877.922.2653
SBA Preferred Lender | Member FDIC | Equal Housing Lender
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28 AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL
CFO of the Year
JUNE 30, 2014
Honorees
MIKE DOOLEY
Chief Financial Officer
Applied Companies
Valencia
M
ike Dooley began his role CFO for Applied Companies (a Valencia-based
manufacturing company) in May of 2012. Overall he has vast experience and
been involved in the finance workforce for over 20 years. He has well rounded business strategies with a successful career leading and redesigning organizational infrastructure, operations and finances for companies in diverse industries with
multiple operating entities. His background encompasses P&L management combined and
accounting financial management for companies with over $1 billion in annual revenues.
Prior to joining Applied Companies, Dooley served as President and CEO of The Financial
Mapping Group based in Denver, CO for seven years. He provided management consulting serving small to mid-sized businesses in financial services, media, technology and various start-ups. Dooley has worked with clients to develop efficient operations, financial
reporting and planning, internal controls and assets preservation. Other projects have
included legal structure design, contract preparation and negotiation, risk management,
system implementations, policies and process analysis. As the Interim VP/Controller for
SunCorp, a $3 billion Commercial Credit Union, where he served for 4 1/2 years, he was
brought in to reorganize the finance and accounting department. In this position he hired,
trained and developed the staff, selected and implemented financial systems, increasing
internal controls to meet SAS 109 (Sarbanes-Oxley Section 404) compliance and developed
effective cross-training programs. He successfully managed the annual budget process, variance analysis, month-end close, monthly call reporting, charter conversion, all tax filings
(including Form 990), payroll and 401(k) plan, selecting and changing external auditors,
local tax filings, consolidating three offices into one, reducing headcount and operating
costs, managing the 457(f) benefit plan, outsourcing non-strategic operations and complex
securities and subsidiary valuations. Taking a look further back at Dooley’s career, he’s had
roles of CFO, Interim CEO, Finance Manager, and accountant within a broad base of
industries from a meat processing plant to the aerospace industry.
➼
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JUNE 30, 2014
AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL 29
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30 AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL
CFO of the Year
JUNE 30, 2014
Honorees
TIM GERRITY
Senior Vice President & Chief Executive Officer
InterMedia Group of Companies
Woodland Hills
W
orking directly at the right hand of Visionary CEO Robert Yallen, Tim
Gerrity is a key leader who is responsible for the financial management of
all 12 of the InterMedia companies. As Yallen innovates and expands the
company, Gerrity works with him directly to develop the financial and
reporting structures to accommodate the new business developments and growth — and to
carry the entire corporation forward as a leader and innovator in the direct response and
general media advertising industries. Gerrity is responsible for all aspects of finance,
accounting, tax, treasury and financial planning for the Inter/Media Group of Companies.
Under the leadership of Gerrity, InterMedia has expanded and diversified its portfolio of
companies into commercial and residential real estate through subsidiaries - InterMedia
Properties and Sydney Properties. Under Gerrity, the company sales have exceeded $600
million annually. The company has increased by more than 30% since his arrival. Among
the company’s key clients are ShoeDazzle, Corinthian Colleges, Clear Choice Dental,
GoDaddy, Marinello Schools of Beauty, and Lifestyle Lift. One of the company’s major
undertakings was the purchasing and renovation of a new company headquarters in 20122013 in Woodland Hills. Yallen looks to Gerrity for leadership on business development,
financials planning, acquisitions, negotiation and oversight of contracts, real estate management and developing and maintaining banking and other financial relationships.
“Bringing aboard Tim Gerrity was a major step in creating a superior C-Suite team that has
allowed us to grow exponentially, while controlling our costs and maintaining our cash
flow requirements,” reports Yallen. “He brings to his job supreme ability, coupled with wisdom and an engaging personality that makes him a well-liked by everyone in the company. Tim always has an open door and a smile for everyone. And that’s often rare in a CFO.
Furthermore, he is unflappable … handling all of the most pressurized dilemmas with care,
consistency and calmness.”
➼
Get it as it Happens.
Local Business News from Your Local Business Source.
Follow us: @SFVBJ
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JUNE 30, 2014
AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL 31
Citi® Commercial Bank salutes Mike Dooley
for being named the San Fernando Valley
Business Journal’s 2014 CFO of the Year.
Congratulations on your achievement.
Contact Citi Commercial
Bank to support your
business’ operations and
expansion plans.
Sharon Dababneh
Senior Vice President
818-205-3463
[email protected]
www.citi.com/commercialbank
Commercial Bank
© 2014 Citigroup Inc. Citibank, N.A. Member FDIC. Equal opportunity lender. Citi and Arc Design is a registered service mark of Citigroup.
2811
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32 AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL
CFO of the Year
JUNE 30, 2014
Honorees
RACHEL HOWITT
President & Chief Financial Officer
NAI Capital Inc.
Encino
R
achel Howitt serves as President and CFO of NAI Capital, Inc, a leading commercial real estate brokerage with 14 offices throughout the five county region of Los
Angeles. Howitt has had a notable career in real estate that is tied together by 34
years of wide-range experience including metallurgical engineering, finance, and
business development. It is with such experience that Howitt so successfully oversees all
financial and administrative matters relating to NAI Capital, Inc. With over 26 years of experience leading the company, Howitt is also responsible for exploring strategic alliances to
enhance the depth and scope of the services NAI Capital provides to its clients, including
strategizing on company expansion plans. As the regionally exclusive NAI Global member,
NAI Capital provides transactional services for the leasing and sale of industrial, office and
retail properties, as well as the sale of land, senior housing and multi-family properties.
Howitt earned her Bachelor’s degree at University of Massachusetts-Amherst, attended
Brown University Graduate School of Engineering with a concentration in metallurgical
engineering, and was hired by Jet Propulsion Laboratory in Pasadena. While working at JPL,
she simultaneously received her degree from the UCLA Graduate School of Management.
Her entrepreneurial spirit lead her to join four male counterparts to start Brentwood Saving
and Loan, the highest capitalized Savings and Loan to open in California at that time. In
1988, she joined NAI Capital, Inc. as CFO and also became President in 1996. Howitt now
handles all areas of finance for the organization and its expansion plans and development
of new lines of business. Overall, Howitt’s ambition and purpose is to provide a nurturing
environment that promotes independent, productive thinking, and to demonstrate that
those she is in business with don’t work for one another, but are instead interdependent on
one another.
RANDY HUTCHINGS
Chief Financial Officer
Helmet House Inc.
Calabasas
R
andy Hutchings has been the CFO of Helmet House Inc. for 15
years. In that time he has helped the company grow to the largest
motorcycle helmet distributor in the country. He is involved in
every aspect of the business including all of the usual CFO duties
such as budgeting, financial reporting, projections and analysis, managing
banking relationships, etc. As if these duties did not already constitute a full
time position in which only a highly motivated and dynamic individual can
excel, Hutchings involves himself in much more. Hutchings plays a key role
in vendor relationships including traveling to Japan and Korea to negotiate
contracts with suppliers. He negotiates all of the prices for shipping with
third party providers as well as contracts for credit card processing and all
other business critical activities. He displays a remarkable knowledge of each
of these disparate areas. He can match most credit card processing reps in
terms of knowledge when talking about how merchants are charged for credit card transactions (a complicated field to say the least and can dissect a
complex bank statement or UPS invoice often as well if not better than his
banker or UPS rep. It is because he takes the time to master each of these
areas that he is able to advocate so effectively for his company. Helmet
House has the most aggressive pricing possible from every vendor that they
use, thanks to Hutchings. His financial statements are always timely and
accurate. His AR and AP agings are clean and precise. In fact, according to his
coworkers, there seems to be no area where Hutchings is anything less than
remarkable. Hutchings is a graduate of USC’s Leventhal School of
Accounting and prior to joining Helmet House was in public accounting.
➼
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34 AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL
CFO of the Year
JUNE 30, 2014
Honorees
RICK KLINE
Chief Financial Officer
IPC the Hospitalist Company Inc.
North Hollywood
R
ick Kline joined IPC the Hospitalist Company (IPC) in November of
2011 as Chief Financial Officer. Kline oversees all financial matters for
IPC, which is the nation’s leading provider of hospital medicine and
related facility-based services. Its providers deliver high quality inpatient care efficiently and cost-effectively, supported by IPC-Link, the most sophisticated, comprehensive physician software technology available today. Under Kline’s
fiscal stewardship, IPC employs more than 1700 affiliated healthcare providers in
22 states. To support its providers, IPC offers management and administrative
services such as billing and collections, recruitment, marketing, training and education. A pioneer in the field of hospital medicine and related facility-based services, IPC has a reputation as a leader in quality and innovation. IPC is the first
practice group exclusively focused on hospital medicine and post-acute care to
become a publicly traded company. Prior to arriving at IPC, Kline served as Vice
President and Chief Financial Officer and later as President and Chief Operating
Officer of Castle & Cooke, Inc., a consortium of businesses in real estate, hospitality, golf courses, restaurants, warehousing/logistics, building materials, aviation, life
sciences, oil and gas, and transportation. Prior to that, he was with Ernst and
Young, LLP, serving most recently as Partner of the Assurance and Advisory
Business Services group in the Los Angeles office. He received his BS in Accounting
from the University of Southern California.
JULIE McCLURE
Chief Financial Officer
Montrose Travel
Montrose
J
ulie McClure purchased Montrose Travel in 1989 along with her
husband Joe McClure and sister in law, Andi Mysza. From 1989 to
2013, they built Montrose Travel from a small travel agency into a
nationwide “major-player” travel management company that now
has over 200 employees, 800 independent contractors, and six operating
divisions located in four self-owned buildings in Montrose. Today Montrose
Travel is one of the Top 40 Travel Management Companies in the US. Julie
McClure showed her strength quickly when within the first six months of
taking over the company the Gulf War started and stunted travel for all sectors of the industry. Her very conservative cash flow management skills
gleaned from her hard-working North Dakota parents allowed Montrose
Travel to weather that first storm with great success. In fact, much of
Montrose Travel’s success is due to the amazing work she has accomplished.
Proudly funding its organic growth solely from profit and positive cash flow,
Montrose Travel has never had any debt on its balance sheet and continues
to remain one of the most financially healthy Travel Management
Companies in the United States. Successfully navigating its way through all
the challenges, tragedies, and opportunities of the travel industry including
9/11 and the economic downturn in 2008 – both which forever changed
the way we travel and do business – McClure’s skills and leadership were
always present. While most companies try to “cut” their way out of problems, Montrose Travel has always fought to “grow” their way out. As an
example, when other competitive travel agencies hunkered down in their
bunkers and cut all extraneous spending during these difficult periods of
time, due to McClure’s strong financial management skills, Montrose Travel
was able to aggressively quadruple its advertising spend allowing it to actually grow the business.
➼
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36 AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL
CFO of the Year
JUNE 30, 2014
Honorees
BJ SATTAR
Financial Controller/Chief Financial Officer
ADCO Products Inc.
Valencia
B
J Sattar has over 19 years of progressive experience in the accounting field working with closely held and publicly traded organizations in the entertainment,
financial services, manufacturing and distribution, real estate sectors. Her experience ranges from managing day-to-day accounting and treasury management
functions to fiscal reporting, audit, due diligence, mergers and acquisitions. A strategic
thinker, self-starter, energetic, focused, driven, well-rounded and articulate are all ways to
describe and distinguish Sattar in her professional acumen. She strives to identify ways in
which she can add value to business processes and the overall financial growth of the organization. ADCO produces covers for recreational vehicles, automobiles and patio furniture.
About two years ago they hired Sattar as the company’s CFO. Initially she was involved in
updating the accounting system and financial operations of the company as well as providing the normal financial reporting for a growing company with operations in three countries. During these two years the company moved to Valencia from Studio City and brought
a significant amount of inventory into their new warehouse. This change required significant cash management and coordination with Comerica Bank. During this transition Sattar
communicated extensively with the bank at every significant event. At the same time she
expanded the detail in financial reporting allowing the company to better understand its
income and expenses across multiple products. Colleagues and people from other organizations and banks who work with Sattar report that she is very organized, has a good understanding of complicated legal agreements and repeatedly presents all information in an easy
to follow format, with audit trails back to the originating documentation.
LISA TURCHAN
Chief Financial Officer
The Buckley School
Sherman Oaks
L
isa Turchan has been the Chief Financial Officer for The Buckley School since
2004. Her role as CFO has changed the financial position of the school in 10
years, in which time she has led and managed all nonacademic functions for the
not-for-profit K-12 school, including the business office, human resources, IT, risk
management and campus operations. Established the School’s financial rating as
Investment Grade A by increasing the Board Reserves from less than $1 million in 2004 to
over $18 million in 2014. In the decade since she started with The Buckley School,
Turchan has grown the School’s endowment by over 150%. She has also developed a cash
management strategy, selected a manager targeting returns to achieve long term strategic
goals while balancing the risk levels. Turchan is also a key strategist and developer of
Campus Master Plan obtaining City entitlement for a new conditional use permit (CUP),
allowing for growth in enrollment by 80 students, construction of approximately 95,000 of
net new square feet and greater campus usage. She is also the representative for the Master
Building Plan, managing an overall $42.5 million campus enhancement plan budget,
delivering projects on time and under budget. Under her financial stewardship, the school
built its first new campus state of the art buildings in over 30 years. She has been instrumental in maintaining full enrollment, including an increase of 80 students from 2008 to
present, during a weak economic climate and led the charge in increasing the level of
financial aid the School awards from 7.5% to 12% of expenses to address the growing need
of applicant families. She also serves as liaison to the Board of Trustees, succinctly presenting all financial and operational communications. Her dramatic impact on the school has
largely been thanks to her disciplined approach and creation of a long-term vision.
➼
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AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL 37
Premium beneﬁts and customized options
for your business
Wells Fargo Platinum Business Services Package checking account:
Expanded capabilities for larger or growing businesses.
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Business Debit Card, Wells Fargo ATM Card, Business Bill Pay or Direct Pay payments made through Wells Fargo Business Online®, and Wells Fargo Merchant Services or Wells Fargo Business Payroll
Services transactions.
2
Wells Fargo ATM access fee waived for two domestic (U.S.) non-Wells Fargo ATM cash withdrawals from your Platinum Package checking account per statement cycle. ATM access fee for each
additional non-Wells Fargo ATM cash withdrawal transaction will be assessed. Surcharges imposed by non-Wells Fargo ATM owners or operators will apply.
© 2014 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. SBS60-00178 (1194601_12061)
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38 AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL
CFO of the Year
Finalists
Roger Almond
Chief Financial Officer
NetSol Technologies, Inc.
Calabasas
Margaret Killeen
Controller
AG Machining
Moorpark
Douglas Benn
Chief Financial Officer
Cheesecake Factory
Calabasas
Tomas Kokko
Chief Financial Officer
Harbor Freight Tools
Calabasas
Kevin Berg
Chief Financial Officer
MMP Printing & Digital Graphics
Panorama City
JUNE 30, 2014
Paola Macchiavello
Chief Financial Officer
So Cal CDC
Valencia
Jay Rasulo
Senior Vice President
& Chief Executive Officer
Walt Disney Co.
Burbank
Edward Reich
Executive Vice President
& Chief Financial Officer
Capstone Turbine Corporation
Chatsworth
Charles Best
Chief Financial Officer
BlackLine Systems
Woodland Hills
Tim Martin
Executive Vice President &
Chief Financial Officer
Guitar Center
Westlake Village
John Reyes
Chief Financial Officer
Public Storage
Glendale
Jason Boling
Chief Financial Officer
Cherokee Inc.
Van Nuys
Martin McDermut
Senior Vice President of Finance &
Chief Executive Officer
Vitesse Semiconductor Corp.
Camarillo
Larry Scherzer
President
Scherzer International Corp.
Woodland Hills
Tom Emrey
Chief Financial Officer
DineEquity Inc.
Glendale
Selam Meharena
Chief Financial Officer &
Vice President of Administration
Project GRAD Los Angeles Inc.
Mission Hills
Francis Shelley
Treasurer
Children of the Night
Van Nuys
Michael Model
Chief Financial Officer
American Fruits and Flavors
Pacoima
Jerome Taieb
Chief Financial Officer
& General Manager
MS Aerospace
Sylmar
Steve Garcia
Chief Financial Officer
MRV Communications, Inc.
Chatsworth
Rachel Glaser
Chief Financial Officer
MOVE, Inc.
Westlake Village
Tom Pascoe
Chief Financial Officer
Unicare Pharmacy Inc. DBA MedicoRX
Van Nuys
Sandra Graves
Controller & Corporate Secretary
Band Pro Film & Digital, Inc.
Burbank
John Petersen
Chief Financial Officer
ACCO Engineered Systems, Inc.
Glendale
Steve Handy
Chief Financial Officer
Tix Corporation
Studio City
Matthew Pfeffer
Corporate Vice President &
Chief Financial Officer
Mannkind Corporation
Valencia
Craig Jones
Vice President & Chief Financial Officer
Electro Rent Corporation
Van Nuys
Mark Quant
Chief Financial Officer
Wood Ranch BBQ
Agoura
Larry Keffer
Corporate Controller
Classic Cosmetics
Chatsworth
Steven Raft
Chief Financial Officer
Alfred Music
Van Nuys
Lois Ungar
Chief Financial Officer
Lola Getts Active
Woodland Hills
Karen Velligan
Chief Financial Officer
Avjet Corporation
Burbank
John Wallis
Chief Financial Officer
Interamerican Motorcar Corp.
Canoga Park
Bradford Wright
Chief Financial Officer
Clay Lacy Aviation
Van Nuys
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6/24/2014
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40 AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL
At the Event
Over 300 attendees were on hand for the Business Journal’s CFO Awards Reception and Luncheon event at the Warner Center Marriott Hotel.
JUNE 30, 2014
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42 AN ADVERTISING SUPPLEMENT TO THE SAN FERNANDO VALLEY BUSINESS JOURNAL
CFOs OF THE YEAR
JUNE 30, 2014
2014
New Research Identifies What Businesses Value in Finance Professionals
B
usinesses around the world seek
enhanced competencies among
their finance professionals to better address the challenges and opportunities of today’s complex business environment. Based on extensive global research
among employers and other stakeholders,
the Chartered Institute of Management
Accountants (CIMA) and the American
Institute of CPAs (AICPA), two of the
world’s largest accounting organisations,
have identified a competency framework
with 45 areas where employers such as
IBM and Unilever expect proficiency.
The framework is comprised of four
knowledge areas — technical, business,
people and leadership — with competencies defined at four levels: foundational,
intermediate, advanced and expert. It was
developed through research that included
a survey of nearly 3,400 members, students and educators; roundtable discussions in 13 countries; and in-person
interviews with representatives from 67
organisations, including IBM, Unilever,
Microsoft and Shell.
The CGMA Competency Framework
was created to assist Chartered Global
Management Accountants – including
CFOs, controllers and treasurers – in identifying the broad skills employers expect
from their finance professionals. The
framework helps management accountants
assess their current competency level and
provides insight on steps they can take to
expand their skills while meeting their
commitment to lifelong learning. It is publicly available to any employer or educator
to benchmark their team’s capability, create job profiles or design curriculum.
Expected capabilities include risk management and internal controls, macroeconomic analysis, communication and
negotiation along with strategic understanding in a global context. Technical
financial competencies include financial
accounting and reporting, management
reporting and analysis, and risk manage-
Your vision.
Our applause.
Congratulations to the EY Entrepreneur
Of The Year™ 2014 Greater Los Angeles
9oYj\oaff]jk&9egf_YÕ]d\g^gmlklYf\af_
competitors, these 13 leaders stood out
for their dedication, brilliance, creativity
and gumption. You’ve inspired us all!
2014 Greater Los Angeles award recipients
Curacao
The Honest Company
Retail & Investment Services
Good luck, and we’ll see you at the
national awards!
Emerging
Jerry
Azarkman
Jessica
Alba
Co-Founder
Co-Founder
& President
Christopher
Gavigan
EdgeCast Networks
Technology
Co-Founder
& Chief Product
G^Õ[]j
Alex
Kazerani
Chairman
& CEO
Nationally sponsored by
Sean
Kane
Co-Founder
& COO
James
Segil
President
Brian
Lee
Platinum sponsors
Co-Founder
& CEO
ENI-JR286, Inc.
Distribution & Manufacturing
Jonathan
Scott
Hirshberg
Prodege, LLC / Swagbucks
Advertising
Josef
Gorowitz
President
& CEO
Silver sponsors
CEO
Fuhu, Inc.
Retail & Consumer Products
Robb
Fujioka
Stamps.com
Business Services
Founder
& President
Ken
McBride
Chairman
& CEO
Jim
Mitchell
CEO
© 2014 Ernst & Young LLP. All Rights Reserved.
TrueCar, Inc.
Consumer Services
For more information on
gmjÕfYdaklk$nakalmkYl
www.ey.com/us/eoy/greaterla.
Scott
Painter
Founder
& CEO
ment. The number of competencies and
proficiency expected varies by functional
area and level of seniority.
Charles Tilley FCMA, CGMA, Chief
Executive, CIMA, said, “With the role of
finance constantly developing it can be
hard for employers to know the standard
to expect of their management accountants. The CGMA Competency Framework
is research-led and informed by those on
the front line of business and it will show
employers the new knowledge requirements and skills needed for both current
and future management accountancy
roles. In addition, it will help accountants
to become more employable by guiding
them through their professional development, as well as helping educators to better prepare students to become wellgrounded management accountants.”
The competency framework underpins
the updated CIMA Syllabus that will be
examined from January 2015, and underscores the commitment of both CIMA
and the AICPA to meeting the needs of
business. The organizations, through a
global joint venture, created the CGMA
designation in January 2012 so employers
anywhere in the world can easily identify
management accountants with the highest levels of technical knowledge, business acumen and ethical integrity.
‘With the role of finance
constantly developing it can
be hard for employers to
know the standard to expect
of their management
accountants. The CGMA
Competency Framework is
research-led and informed
by those on the front line of
business and it will show
employers the new knowledge
requirements and skills
needed for both current
and future management
accountancy roles.’
CHARLES TILLEY,
Chief Executive, CIMA
In addition to helping organizations
find and develop high quality talent,
CIMA and the AICPA are also working to
help improve the decision-making and
forecasting processes that businesses use.
They are developing a set of Global
Management Accounting Principles that
will provide businesses with the first set
of globally applicable management
accounting best practices to more effectively manage the complexity that
defines modern business.
“Today’s CEOs need a partner at the
helm – a co-pilot to help steer clear of
obstacles and toward opportunities,” said
Barry Melancon, CPA, CGMA, president
and CEO of the AICPA. “They are turning to their management accountants to
provide this guidance, to pull insight
from information and connect it to operations in new ways to position their businesses for long-term, sustainable success.
The CGMA Competency Framework
ensures management accountants’ skills
remain aligned with the demands of an
increasingly complex and constantly
changing business environment.”
Information for this article was provided by
AICPA. To learn more, visit AICPA.org.

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